TTK Prestige Reaps Good Sales, Offers Good Discounts

Improvement

oi-Anjana NS

By Anjana Ns

Friday, July 15, 2011, 17:55

A well known kitchen cookware, TTK Prestige Limited has announced its first quarter results on 15th July 2011 for the quarter ended 30th June 2011.

The Company has recorded highest ever absolute turnover for the first quarter- Rs.237.42 Crores as compared to Rs.147.78 Crores in the corresponding quarter of the previous year thus registering a growth of over 60%. TTK Prestige also registered impressive growth across its product categories as compared to the corresponding quarter of the previous year.

TTK Prestige, India"s largest & the most trusted kitchen appliances brand never fails to delight its consumers with best kitchen deals in the country. The brand has come up with its annual New Year"s promotion the “Super Offer" that is on from December 20th, 2010 to January 20th, 2010.

The “Super Offer" promises a host on unbelievable deals on the entire range of Prestige products. Consumers can avail the following exciting discount offers, exchange offers & gift offers.

Discount offers:

· Buy a Popular Great Value Pack – Pressure Cooker + pressure pan with lid and get Rs.580 -830 off

· 15% Off on complete Pressure cooker range

· 20% off on Non-stick cookware range

· 25% off on Rice cooker range

· 20% off on Electrical appliances

Exchange Offers:

· Flat 25% discount on the complete range of SS Gas Stoves

· Flat 30% off on the complete range of Glass top Gas Stoves

· Discounts up to Rs. 1500/- on Mixer Grinder (selected models)

Gift Offers:

· Buy any 2 non-stick cookware on MRP, get Omega Select Plus omni tawa worth Rs. 580/- free (Select models)

· Buy Deluxe Plus mixer grinder on MRP, get Induction cook-top PIC 1.0 worth Rs.3595 free

· Buy Induction cook-top on MRP, get Omega Deluxe 3 pc set worth Rs.2260 free

· Buy Stylo Mixer Grinder on MRP, get Omega Select Plus 3 pc set worth Rs.2210 free

· Buy Omega Deluxe Kitchen in a Box set, get Induction cook-top worth Rs.3595 free

· Buy Kitchen hoods, get gas stoves free

· Buy wet grinders, get 3 ltr SS pressure cooker worth Rs.1620 and SS attachments worth Rs.250 free

The offer is valid across all Prestige Smart Kitchen stores & multi-branded outlets in Andhra Pradesh and Karnataka.

Commenting on the Super Offer, Mr. Chandru Kalro, Executive Vice President - Marketing, TTK Prestige Ltd. said, “As New Year stands for a new beginning, Prestige gives its consumers a chance to upgrade their conventional kitchen into a chic, modern and stylish one without being heavy on one"s wallet".

TTK Prestige, as the largest provider of kitchen appliances in the country, has a varied product portfolio ranging from pressure cookers, non-stick cookware, and gas stoves to electrical appliances and kitchen tools. The company achieved a profit before tax of Rs.36.32 Crores registering an increase of 60% over the previous year"s PBT of Rs.22.71 Crores. Post tax profit was Rs.25.34 crores registering a growth of 58% over last year"s post tax profit of Rs.16.03 Crores.

The Operating EBIDTA/Sales margin was maintained at around 16%. Earnings per share for the quarter increased sharply to Rs.22.38 from Rs.14.16.(P.Y.) The total number of Prestige Smart Kitchens as of date is 299. TTK Prestige Limited is a part of the Rs.1100 crore TTK Group.